Friday, August 09, 2002
Earlier this week, my primary email address, which ends with @ix.netcom.com was, along with everybody else who has that address to the right of the "@" sign, had problems with my email. (Couldn't receive or send: both POP and SMTP servers were experiencing "problems".) So, I send out an email from a secondary address to all my family and important contacts telling them to use this other address until the problem is corrected. Now, this secondary account is one of my "anonymous" accounts: begins with "ezv". So, my idiot nephew (who is 15) writes back "Do I know you?" ( he hadn't a clue that his old uncle actually had an alias out there.) What was he thinking? I reamed him a new asshole when I got his reply. Don't ever, I told him, reply to an email from somebody you don't know. If nothing else, they'll probably sell your email address to some slimy spam artis. and that is the best outcome you can expect (I sold his address--he should start getting the porn, mortgage refi ads, credit repair ads, work at home ads, that guy from Nigeria within a few days.) I told him that he didn't even want to imagine the worst possible outcome.
Starting Monday, I put on a suit and go job hunting for at least a couple hours a day. It sucks, but that is what one has to do...
Monday, August 05, 2002
This old dog can learn new tricks, it seems...
Sunday, August 04, 2002
I have much more to say about Dulce, but that will have to wait until later?gotta run right now?
The Politics of Pessimism
For some strange reason, business leaders seem to turn towards the Republicans for political leadership when the empirical evidence of the past century seems to indicate that Republicans are bad for the economy and Democrats are good for it. Virtually every Republican president since, and including, Hoover (Eisenhower, Nixon, Ford, Reagan, Bush and Bush) has managed to make a hash of the national economy. One of the reasons for this economic ineptitude could be that Republicans are basically pessimists who place self-interest above anything else. The American President who really initiated the great tech boom of the last 30 years was John Kennedy. However, as the fruits of the seeds he sowed back in 1960 began to truly burst forth in the latter half of the 1990s, the conservatives, lead by George Bush, began vigorously to attack the idea that this expansion was sustainable. Their efforts have become a self-fulfilling prophecy, and we will not get out from underneath this until we replace our political leaders in Washington.
The Republican record with the economy has not bee a good one. Beginning with Hoover, who presided over the Crash of 1929 and the beginning of the Great Depression of the 1930s, only Eisenhower escaped a strong recession under his leadership. Eisenhower can be seen as an anomaly since he was not a strong Republican: rather, he was primarily a hands-off president who had the economic momentum left over from the industrial expansion of World War II and the continuing needs of the Cold War to prop up the economy. The Nixon/Ford presidency inherited the Vietnam War, but managed to still hash up the economy further. Under their watch we had the first Energy Crisis and the introduction of the term “stag-flation” to the lexicon. Ronald Reagan, in his single-minded pursuit of the destruction of the “Evil Empire” came very close to spending the country into penury. It is not unrelated that, under his watch, the stock market experienced in October of 1987 the worst crash since 1929. It is also indicative that George Bush, after winning an almost bloodless war against Iraq, managed to lose the Presidency because the economy was so bad.
All, with the possible exception of Eisenhower, share one trait in common: they had a very pessimistic view of the national government. The first thing almost every Republican president does upon entering office is announce massive cuts to government spending in all areas except the military. Republican philosophy maintains that individual self-interest must be paramount over public “good”, and that the public interest is best served when wealth in concentrated in a relative few private hands. To this end, they uniformly advocate a regressive tax policy that always benefits the rich to the detriment of the economy as a whole. The Republican penchant for cutting social and basic research spending actually attacks two of the basic pillars of our economy: consumer spending and technological innovation.
The single seminal event in the second half of the 20th Century was President John Kennedy’s call to place a man on the moon by the end of the 1960s. When he issued this challenge to the nation, computers were massive machines that were very limited in power. Yet, to get a man to the moon, we needed to develop small, lightweight and very powerful computers to help guide the Apollo capsules to the distant moon and back again. It was this need which gave impetus to the development of printed circuits and, ultimately, the silicon chip. This was the genesis of the computer industry that has been driving our economy for the past twenty years. The investment in the space program has, therefore, returned to our society dividends beyond anyone’s imagination.
The power of the economic engine created by the needs of the space program in the 1960s has been growing in strength over the intervening years. This economic engine often had to contend with contravening economic currents generated by the political actions of Republican presidents and politicians, but, even against these adverse trends, it burst into full (if brief) flower under the Clinton presidency of the 1990s. However, by 1998 the conservatives were strongly attacking the current prosperity as an “unsustainable bubble.” As the Presidential elections of 2000 neared, the volume and intensity of the attacks on the economy grew increasingly shrill. In the end, Bush and the Republicans sold their vision and the seeds of doubt were placed in the collective mind of America. The idea that the economy was in trouble became, in fact, a self-fulfilling prophecy. As a result, the recession, which was initially presented as potentially a “mild” correction, became increasingly severe.
It needs to be understood that the underlying strengths of the technological economic engine are still there. All of the conditions which brought about its rise are still extant. The current recession can be attributed in large part to the pessimism engendered by the Republican presidential campaign and the overly enthusiastic dampening measures taken by the Federal Reserve Board in the period 1999-2000. The climate of pessimism will not abate until we remove the Republicans from control of national policy. The first step will be to elect a Democrat controlled Congress in 2002. The second step will be to make George Bush, like his father, a one-term president. To this end, the Democrats must find a strong national candidate soon, and begin to promote that person on the national political stage. There is one person, though, who should not be considered: Al Gore. He is politically damaged goods who has had his chance and lost.
The Republicans, when installed in the White House, have presided over numerous instances of economic recession/depression. This record of economic failure can be, in large part, attributed to the pessimism inherent in Republican political philosophy. The seeds of the technology fueled economic surge of the last 30 years were sown by President John Kennedy when he challenged the nation to place a man on the moon by the end of the decade of the 1960s. This nascent economic boom burst into brief flower during the latter half of the 1990s, but the Republicans worked tirelessly to undermine this prosperity. We are seeing the results of this effort in our current economy, and we will not be able to truly begin to repair the damage done until we replace the Republican leadership in both Congress and the White House with optimistic, activist Democrats.
Saturday, August 03, 2002
Speaking of that, my "bookmarks" file is becoming extremely unwieldy. I'm going to have to start instituting some sort of "sunset" rule which gets a link deleted if it hasn't been visited in [some-lenght-of-time].
I should note that I'm playing on the machine today instead of going out and doing triage on the flora. We had a nice rain last night here in Somerset County and I think the bushes and flowers will survive a day without attention; the lawn has already been given last rites, so, if it stages a miraculous recovery, that'll be a bonus. I'm also going to take a break from building my "natural rock" borders to all the street-side planting beds. I've already moved probably close to a ton of rock from my mother's place up in Bedminster this summer. I'm gonna take a break this weekend.
Thursday, August 01, 2002
The can of worms I want to open is that which belongs to our "glorious leader", President Sonny-boy. I understand that he is not the brightest bulb on the tree, but I wonder if he can say "Hoover". I wonder if (in the dark of the night) he thinks about the possible comparisons that may be drawn between himself and Mr. Hoover. George Bush spent a good four years (Clinton's second term) telling the country that we should be afraid of the prosperity we were enjoying and that it was bound to end badly...and soon. Well, he got his wish -- only now he is finding that it is not as easy to rebuild the economy that he spent four years trying to trash.
Now, before people start screaming about how it is the greedy corporate executives (Enron, Worldcom, Adelphia etc.) who are to blame, I would point out that most of what they are in trouble for (other than Adlephia, which is a special case) occured in the past two years. If the economy hadn't taken a sudden turn down, Worldcom and Enron would probably still be sailing along building the Brave New World. Sure, what they did was wrong, but they did it more out of desperation and the hope that things would turn around before their house of cards got caught in the downdraft. Note that borth Enron and Worldcom depended upon their stock carrying a high valuation so that it could be used as a form of currency to fund their operations. When the declining market took their stock down, management became more and more desperate to find a way to last until the market turned...which they fully expected it to do. After all, weren't the fundamentals that fueled the original strong economy still there?
Well, yes they were! And, for that matter, they still are. What we have is an economic downturn that was manufactured almost completely out of thin air. Some day this will be a textbook case of mass psychology and manipulation of society via mass media. And it can all be laid at the feet of the conservatives.
